Tesla finally subpoenaed: Elon Musk's Tesla stock buyout "secured" funding tweet; fraudulent stock manipulation?


#1

This yet again seems to be an example that Elon Musk is resorting to fraud to manipulate the stock market and “burn shorts”. However such tweets are not only burning some shorts, it’s burning some Tesla investors.

Has Elon Musk yet again dishonestly and unethically illegally manipulated the market? Is the SEC letting him slip through their fingers again? Are government agencies like the SEC on the take not to go after Elon Musk and Tesla?

There are many conflicting reports. Elon Musk seemingly claimed on tweets that funding for a buyout had already been secured and that only approval from the Tesla board was needed. Some reports suggested that funding from Saudi Arabia may have been secured for a buyout, however some contradictory reports claim that Saudi Arabia and possibly others may be negotiating to make a buyout. Some reports indicate that funding from Saudi Arabia has not been secured. Reportedly the SEC and Tesla board are in the dark about the secured funding, and seem to be stonewalled by Elon Musk.

I’m no legal or financial expert, however in my opinion, if Elon Musk didn’t have prior secured financial backing before his tweet, I don’t think how that could be anything but fraud.

I’m concerned that watchdogs like the SEC may be dragging their feet, hoping that people will ignore or forget what appears to be fraud and give Elon Musk and Tesla a time to try to secure funding after the fact to cover up the fraud. So it seems there might be fraud on top of fraud. A pattern of fraud within Tesla and outside of Tesla. Complicity.

Reportedly some shorts have already filed lawsuits claiming that Elon Musk is unfairly manipulating Tesla stock with twitter. Reportedly Tesla stockholders are also considering lawsuits over the alleged buyout efforts and Elon Musk’s Twitter miss-usage.

If Elon Musk really had finances secured for a stock buyout of Tesla, then why are there reports that Tesla is still seeking funding for a stock buyout? This and many more contradictions, makes Elon Musk’s claims of having secured finances for a stock buyout of Tesla seem to be fraudulent. At first it was thought that his tweets might be in jest; however subsequent tweets and news seems to indicate that it wasn’t in jest.

Elon Musk accused of fraud to boost Tesla’s sagging share price
https://thenewdaily.com.au/money/finance-news/2018/08/12/elon-musk-kalman-isaacs-share-price/

Tesla investors angered at Musk’s $420 lowball deal
https://www.telegraph.co.uk/technology/2018/08/12/tesla-investors-angered-musks-420-lowball-deal/

Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout
https://finance.yahoo.com/news/exclusive-saudi-arabias-pif-shown-160053855.html

Saudi Arabia’s PIF and SoftBank Not Interested in Tesla Buyout
https://wolfstreet.com/2018/08/11/saudi-arabia-pif-softbank-not-interested-in-tesla-take-private-buyout/

Saudi Arabia fund in talks to invest in Tesla buyout deal
https://www.livemint.com/Companies/53BLXN2ZZL34tckNzc9ECP/Saudi-Arabia-fund-in-talks-to-invest-in-Tesla-buyout-deal.html

Lawsuits accuse Tesla’s Musk of fraud over tweets, proposal to go private
https://www.autoblog.com/2018/08/11/lawsuits-tesla-elon-musk-fraud-tweets/

Elon Musk’s ‘funding secured’ tweet could cost Tesla millions, former SEC chairman says (TSLA)
https://finance.yahoo.com/news/elon-musk-apos-apos-funding-185527966.html

How Elon Musk’s Twitter Blocking Could Land Him In SEC Trouble
http://fortune.com/2018/08/09/tesla-elon-musk-twitter-sec-blocked/

Who is funding Tesla buyout plan, board asks Elon Musk
https://www.straitstimes.com/business/companies-markets/who-is-funding-tesla-buyout-plan-board-asks-elon-musk

SEC intensifying its probe of Tesla
https://gulfnews.com/business/sectors/markets/sec-intensifying-its-probe-of-tesla-1.2264645

The SEC Should Look Into A Possible Musk-Saudi Insider Trading Angle And The Curacao Entity
https://seekingalpha.com/article/4197828-sec-look-possible-musk-saudi-insider-trading-angle-curacao-entity

Elon Musk’s Tesla Twitter SEC Turmoil: Why CEOs and Boards Should Pay Attention
https://chiefexecutive.net/elon-musk-tesla-turmoil-social-media/

On the SEC investigation into Tesla and the potential ‘this is fraud’
“The SEC is looking to determine whether the information provided by Musk was truthful and to determine why the tweets were made”
https://pro.creditwritedowns.com/2018/08/sec-investigation-tesla-fraud.html

Where’s Musk’s Financing Coming From? Reports Say SEC, Tesla Board Want to Know
https://www.thetruthaboutcars.com/2018/08/wheres-musks-financing-coming-from-reports-say-sec-tesla-board-want-to-know/

Elon Musk Might Have Broken The Law When He Tweeted About Selling Tesla Shares For “$420”
http://junkee.com/elon-musk-tesla-shares/170816

Elon Musk:
“Am considering taking Tesla private at $420. Funding secured.”
“Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote.”

It also is concerning that Tesla seems to be becoming increasingly anti-American, anti-Free Press, anti-free speech, etc… As it seems to shift manufacturing and its finances overseas; where there is less likely to be financial oversight, civil rights, workers rights, safety oversight, environmental oversight, etc.

teslabears.club/t/tesla-to-export-jobs-to-china/426


#2

Any reasonable person would call Elon Musk and his “Funding secured” tweet a fraud. The enforcement agencies, courts and lawyers will likely dishonestly muddy up this fraud to make it look ambiguous or innocuous.

Reportedly today Elon Musk is in talks with Saudis and others to try to obtain funding. However if funding really was secured at the time of the Elon’s “Funding secured” tweet; there would be no need for the talks that are reportedly going on today.

Tesla, Elon Musk and his cult following, including tabloid fake news sites like Electrek and hacks/shills like Fred Lambert have no credibility. They have a long history of dishonesty and misleading the public.

Musk says talking to Saudi fund, others on Tesla buyout

Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia’s sovereign wealth fund and other potential backers of his plan to take the electric car-maker private, but said financing was not yet nailed down.

https://finance.yahoo.com/news/musk-says-saudi-fund-expressed-131755714.html

It seems not only that funding was not secured, but Elon Musk seems to also be misleading on other contingencies. It seems that a shareholder vote is not the only outstanding contingency,
but also reports seem to indicate that even the corporate puppet board still hasn’t been fully informed or cast a vote on the subject.

I was concerned about the SEC and Elon Musk dragging their feet to address Elon Musk’s “funding secured” tweet before evidence could be fabricated and the short attention of the public and governing bodies was lost.

I’m suspicious the SEC and other governing watchdog agencies might be on the payola to let things like this slide.


#3

The last few days Elon Musk has been desperately trying to secure funding for a Tesla stock buyout; proving that he did not have funding at the time that he tweeted that funding was secured for the buyout.

Musk says working with Silver Lake, Goldman on proposal to take Tesla private

“I’m excited to work with Silver Lake and Goldman Sachs as financial advisors, plus Wachtell, Lipton, Rosen & Katz and Munger, Tolles & Olson as legal advisors, on the proposal to take Tesla private,” Musk said in a tweet.
https://www.moneycontrol.com/news/business/musk-says-working-with-silver-lake-goldman-on-proposal-to-take-tesla-private-2840441.html

Hopefully governing bodies like the SEC will take actions against Tesla. Both investors and shorts are threatening lawsuits. Some have already started lawsuits against Tesla for gaming the market and other unfair practices.

Tesla Hit With Third Class-Action Suit Over Musk’s Stock Tweets
https://gizmodo.com/tesla-hit-with-third-class-action-suit-over-musks-stock-1828318635


#4

Elon Musk has a lot in common with Donald Trump.

Elon Musk seemingly alleges to have an off record unpaid conversation with legal representation; much like Donald Trump. This seems to be an attempt to mislead the public by Elon Musk, to falsely give the impression “funding secured” for a Tesla stock buyout to go private. I suspect the alleged conversation was ex post facto’s of Elon Musk’s “funding secured” tweet.

Elon Musk again tweeted misinformation
https://www.axios.com/elon-musk-again-tweeted-misinformation-1534270687-4a280a98-73c4-445a-9567-f0657bd27585.html

It seems to be trying to draw attention away from evidence that seems to indicate that Tesla is still trying to secure funding for a Tesla buyout to go private.

Tesla directors: ‘No formal proposal’ to take company private
https://www.bbc.com/news/business-45186011

Elon Musk says he expects Saudis to fund plan to take Tesla private
https://money.cnn.com/2018/08/13/news/companies/elon-musk-tesla-saudi-fund/index.html

In other words, it seems that the deal still wasn’t secured at the time of the tweet by Elon Musk; despite asserting that there was secured funding.


#5

Tesla’s own board seems to debunk Elon Musk’s tweet claiming “funding secured”.

"Musk faces investor lawsuits claiming fraud and a probe by the U.S Securities and Exchange Commission after sending a tweet on August 7 that there was “funding secured” to take Tesla private. No investors have confirmed their involvement.

Tesla’s board named a special committee on Tuesday to evaluate any plans to go private but said it had not seen a firm offer. "

The board of the electric car-maker named a special committee of three directors on Tuesday to evaluate their CEO’s proposal, but noted that it had not gotten a firm offer or “reached any conclusion as to the advisability or feasibility of such a transaction.”
https://nypost.com/2018/08/14/tesla-board-forms-committee-to-evaluate-buyout-proposals/


#6

Tesla finally subpoenaed. That seems to suggest there is enough evidence for fraud to issue a subpoena.

In my opinion, I think some of the main points that the SEC should investigate about Elon Musk’s “secured funding” tweet.

  • 1: Is Elon Musk seemingly lied that there was “secured funding” at the time.

  • 2: In my opinion a tweet is not a proper venue on Elon Musk’s twitter because;

  • 2A: He censors so many critics, shorts, whistleblowers, safety advocates, and environmentalists that are skeptical, critical or truthful about Tesla and Elon Musk. Thus they are at an unfair disadvantage for investments. If I understand correctly it’s harder for people that are banned or blocked to access the information; clarification, skepticism and criticism on that venue. Tesla and Elon Musk’s pattern of censoring free speech and access to information is unfair for investors.

  • 2B: Elon Musk has a history of lying and making veiled jokes. So his posts can’t be considered honest or literal. Thus properly informed decisions cannot be made based on Elon Musk’s posts because he doesn’t have integrity, and his posts are often not intelligent or/and not clear.

  • 2C: If I understand correctly, twitter limits the size of content per post; thus properly informed decisions can’t be made based on twitter posts.

  • 2D: The amount of lag between the time a twitter post is made, and the time it is properly reported and investigated and clarified takes too long. Thus even people that invested in Tesla and put more money into Tesla were at an unfair disadvantage because the information was delayed and vague reaching other venues. It takes a long time for other news sources to pick up, interpret, scrutinize and clarify.

It was hours before it became clear whether or not Elon was joking. It took days for there to be hard evidence that seems to indicate Elon lied. If I understand correctly sometimes microseconds can make a big difference when investing money.

  • 2E: On many occasions Elon Musk and his cult, gleefully touted intent to “burn shorts”. Which seems to indicate a vengeful malicious intent to manipulate markets to hurt anyone that was financially invested against Tesla.

(Edited to add 2F:)

  • 2F: Twitter should also be an inappropriate venue to release significant stock information, because it is unsecure. It’s not uncommon for twitter accounts and other similar types of social media to be hacked and erroneous information to be posted.

SEC Subpoenas Tesla Over Musk’s Take-Private Tweet: Report
https://jalopnik.com/sec-subpoenas-tesla-over-musks-take-private-tweet-repo-1828357664

SEC Sends Subpoenas to Tesla Regarding Privatization Plans, Fox Reports
The SEC is responding to Elon Musk’s tweet that he had secured funding to take his company private at $420.
https://www.thestreet.com/investing/sec-sends-subpoenas-to-tesla-regarding-privatization-plans-reports-say-14684372

SEC subpoenas Tesla over Musk’s tweets: report
https://www.reuters.com/article/us-tesla-musk-sec/sec-subpoenas-tesla-over-musks-tweets-report-idUSKBN1L01LR

Tesla subpoenaed by SEC over Elon Musk tweets, reports suggest
Tesla CEO tweeted plans to take company private saying funding was secured
https://www.irishtimes.com/business/transport-and-tourism/tesla-subpoenaed-by-sec-over-elon-musk-tweets-reports-suggest-1.3597408

SEC ramps up Tesla investigation after Elon Musk’s tweets
SEC is formally investigating Tesla: Gasparino
https://www.foxbusiness.com/markets/sec-ramps-up-tesla-investigation-after-elon-musks-tweets

SEC’s Tesla probe is now ‘formal investigation’: report
The U.S. Securities and Exchange Commission’s San Francisco office has sent subpoenas to Tesla Inc
https://www.marketwatch.com/story/secs-tesla-probe-is-now-formal-investigation-report-2018-08-15

Don’t get your hopes too high that Tesla and Elon Musk will get what they deserve. Their discretions and crimes have been largely ignored by authorities, and downplayed; thus Tesla discretions and crimes have mainly been ignored, what little actions have been taken have been token efforts. What little punishment Tesla and Elon Musk has received is mainly verbal reprimands and figurative hand slaps. In my opinion Tesla and Elon Musk’s discretions and crimes have been going on for years with little or no justice.

Elon Musk may only face a minor fee if the SEC investigates his tweetstorm about taking Tesla private
https://www.businessinsider.com/elon-musk-tweets-about-taking-tesla-private-same-as-sec-filing-lawyer-2018-8

Reportedly Tesla and the board is lawyering up and seems to be sandbagging to prevent consequences for Elon Musk’s posts and what seems to be a subsequent damage control/misinformation/denial/cover-up campaign by Elon Musk and Tesla.

Members of Tesla’s board of directors are said to be lawyering up as crisis around Elon Musk deepens
https://www.businessinsider.com/tesla-board-of-directors-lawyer-up-amid-elon-musk-tesla-privatization-plan-2018-8

  • Will Tesla and the board keep shielding Elon Musk and enabling his discretions and crimes?

  • Will Tesla and the board obstruct justice?

  • Will Tesla and the board fall on their swords for their false god?

  • Will Tesla and the board throw Elon Musk under the bus?


#7

Ex-Tesla employee alleges Elon Musk authorized spying on workers in bombshell SEC tip
https://www.businessinsider.in/ex-tesla-employee-alleges-elon-musk-authorized-spying-on-workers-in-bombshell-sec-tip/articleshow/65431920.cms

SEC reportedly investigating whether Elon Musk tweeted about take-private deal to hurt short sellers
https://www.cnbc.com/2018/08/16/sec-reportedly-investigating-whether-elon-musk-tweeted-about-take-private-deal-to-hurt-short-sellers.html

Why Take Tesla Private Plan may have been in the Works for a While
Elon Musk tweeting about the short burn of the century on May 4th, 2018
https://1reddrop.com/2018/08/16/why-take-tesla-private-deal-may-have-been-in-the-works-for-a-while/

Tesla Ignored Drug Trafficking, $37 Million Theft, Whistleblower Says
https://www.thestreet.com/technology/tesla-has-another-whistleblower-14686053

Tesla Gigafactory Worker Allegedly Trafficking ‘Significant Quantities’ of Cartel Drugs, says Ex-Employee [Updated]
https://jalopnik.com/several-tesla-gigafactory-workers-allegedly-trafficking-1828393920

Should make you wonder if many other agencies are involved in this investigation besides the SEC. Perhaps the FBI, DEA, etc.


#8

If Elon Musk really had “secured funding” he should have immediately submitted it to the board, and there should be emails and or written contracts that could verify it. However since he hasn’t made it public or shown it to the board; seems to be indications that he lied. The SEC subpoenaing the board seems to indicate that the securities exchange commission suspects Elon Musk is lying, and is demanding that proof be shown.

Since Elon’s “secured funding” tweet, there is been mounting evidence that seems to indicate that Elon Musk doesn’t have secured funding, therefore is becoming increasingly desperate to find funding after the fact. There is increasing evidence that even after the fact of his “secured funding” that he still doesn’t have and can’t get funding as of yet. It’s becoming increasingly doubtful that Tesla will go private anytime soon, if ever. It’s becoming increasingly suspicious that the Tesla empire is starting to crumble.

Saudi Arabia Is Not Coming To Tesla’s Rescue
https://seekingalpha.com/article/4200541-saudi-arabia-coming-teslas-rescue

More rats jump from the sinking Tesla ship? I suspect Elon Musk way overpromised by having autonomous driving “autopilot 3.0” by next year. It seems to be committing too much, with too little, and probably not a realistic timeline. Tesla claims it will have a more advanced AI chip, however I suspect that that probably will not be able to sufficiently and safely compensate for Tesla’s very limited sensor suite. Elon Musk and other Tesla management reportedly denied Tesla engineers requests for more and different types of sensors to improve autonomy, safety and automatic braking. Management decided to go with lower technology and skimp on safety.

Tesla’s AI chip architects David Glasco & Dan Bailey seemingly have left Tesla; for Esperanto Technologies

I suspect “autopilot 3.0” and the chip will be an improvement; but fall short of the hype and safety.


#9

On 8/20/2018 I edited my post to include what many other people have said. Twitter is not a secure venue,
therefore it should not be used by companies to release important investment information. As a hacker or someone that might be able to get access to the account (like a coworker or a family member)
or even a twitter employee could mislead investors by posting misleading information.

I think the SEC and other authorities that have allowed the precedents of venues like Facebook to release financial information to investors, should be overturned. Important financial information ought to be released on official government applications and possibly in public press releases to the mass media.

Here is an example of why venues like Twitter are insecure and should not be used to release important financial information.

Crypto hackers attack Elon Musk’s Twitter account again

Despite Twitter attempting to ban scammers and impersonators on its platform, one impersonator broke into Tesla Chairman and CEO Elon Musk’s official account on Thursday with a fake lookalike verified account, promising his 22.5 million followers free Bitcoin and ethereum cryptocurrencies.
https://www.timesnownews.com/technology-science/article/crypto-hackers-attack-elon-musks-twitter-account-again/274093

Twits use twitter. (Facebook, instagram, etc.)

Elon Musk uses such a venues irresponsibly to; attention whore, gossip, bully, slander, lie, misinform, advertise, spam, psychotic tirades, revenge, etc. Elon Musk is worse then Donald Trump.


#10

Elon Musk hiring Morgan Stanley probably closes the book on ‘funding secured’

  • Tesla CEO Elon Musk hired Morgan Stanley to join Goldman Sachs in advising his effort to take Tesla private.
  • Morgan Stanley was hired because it has expertise in casting a wide net for financing.
  • Hiring the bank probably ends any doubt about if Musk has funding secured for a deal. He doesn’t.

#11

Tesla Staying Public – Musk Eats His Words
https://wccftech.com/tesla-staying-public-musk-eats-his-words/

Seemingly after the board meeting, Elon Musk publicly retracted his intentions to take Tesla private. It seems the board may have grown some testicles to stand up against girl child known as Elon Musk. If I understand correctly some of the most pro-Musk bias board members were not allowed to be decision-makers on this matter. I suspect Elon Musk may have gotten figuratively spanked at the board meeting.

I suspect the board and Elon Musk decided to not go private, because Elon hadn’t secured funding at the time of his “secured funding” Tweet, and despite trying so hard and so long since the Tweet; seemingly still failing to get the funding to go private. Seemingly he lied, followed by an epic failure to raise funding.

Another reason I suspect Elon Musk and Tesla likely could not secure funding for the buyout; is because of the high risk nature of Tesla and Elon Musk. Elon Musk’s substance abuse, psychotic behavior, unstableness, ill health, bad judgment, immorality, recklessness, incompetence, disregard for authority, disregard for safety, disregard for the environment, disregard for the truth, etc. Tesla and Elon Musk is a big liability.

I suspect another reason that the Tesla board and Elon Musk decided to keep Tesla public, is because now he enjoys the cult following of greedy mindless lemmings. It’s like the tulip bubble. Elon Musk’s cult following blindly follows him even when he turns 360, babbles like a fool, spews empty rhetoric, lies, is mentally ill, behaves like Adolf Hitler, makes bad decisions and has declining health because of substance abuse and sleep deprivation. Most respectable businessman will not tolerate such behavior; which makes going private nearly impossible. As a public company, Elon attracts the cult of greedy ignorant nut cases. A cult following.

I suspect Elon Musk may have started to realize that going private would not be his unlimited freedom to be a dictator. I suspect in his ignorant naivety; he falsely assumed that taking loans to go private meant that he could be a total dictator. I think the board, legal and financial counselors may have spanked him into reality; that with loans; come conditions and some surrender of control. Essentially when you take a loan, the bank owns a piece of you and your company. A concept that seems beyond a girl child like Elon Musk. Even if he owned the company outright, the government still has some control and oversight and the public still judges and ridicules. Another concept that seems to be beyond a girl child like Elon Musk.

Another factor was probably revolt by some Tesla stockholders and owners that didn’t want the company to go private.

It’s funny watching the Tesla forums, Elon Musk suck ups and Tesla tabloids (fake news sites that shill for Tesla) contradicting themselves by turning their talking points 180 trying to blindly follow their cult leader; the girl child known as Elon Musk.

Elon Musk and his suck ups have a lot a rope. They keep hanging themselves with it.


#12

Lawsuits accuse Elon Musk of fraud, proposal to make Tesla private

Tesla and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private.

https://winslowrecord.com/lawsuits-accuse-elon-musk-of-fraud-proposal-to-make-tesla-private/11334/

Elon Musk and his suck ups seem to be fraudulently manipulating the stock market for greed, vengeance and hate.

tesla, post:1, topic:396


#13

Seemingly Tesla is hiring a team of lawyers to defend against an SEC potential case. Which seems to indicate that even Tesla thinks the SEC has a strong enough case to move forward and be a threat.

Elon Musk lawyers up
https://seekingalpha.com/news/3388059-elon-musk-lawyers

If Elon musk goes to prison maybe he can get inmate number 420? (Marijuana joke)


#14

I’m not a legal or investment expert: However in my opinion:

It appears Elon Musk did make fraudulent claims that manipulated the market. In my opinion he has been doing it for years. This time it seems blatant fraud and manipulation. In my opinion it hurts some people that bet against Tesla stock, and some that invested into Tesla stock. So I think there were some investors that were harmed on both sides of the investment fence by what appears to be false statements by Elon Musk.

It’s also damning for Tesla, Elon Musk and his suck ups that they seemed to indicate they had insider information, and showed intent to manipulate the stock to “burn shorts”.

Short seller Andrew Left sues Tesla and Elon Musk, claiming stock manipulation

  • Citron Research’s Andrew Left is suing Tesla and its CEO Elon Musk for violating federal securities laws.
  • His lawsuit alleges Musk manipulated the price of Tesla shares by issuing materially false and misleading information, according to a copy of the suit which was posted online and confirmed as authentic by Left.

Pomerantz Law Firm Announces the Filing of a Class Action against Tesla, Inc. and Certain Officers - TSLA

https://www.marketwatch.com/press-release/pomerantz-law-firm-announces-the-filing-of-a-class-action-against-tesla-inc-and-certain-officers---tsla-2018-09-06


#15

It seems now that Tesla and Elon Musk are under scrutiny by civil legal actions and now by criminal investigation(s).

Reportedly the Department of Justice has joined with the Securities and Exchange Commission’s investigation into Elon Musk’s apparently fraudulent secured funding tweet that he seemingly made while inattentively driving his Tesla. However the delay in making alleged subpoenas has given Tesla and Elon Musk a chance to destroy evidence and fabricate a false trail and misrepresent the facts and bias the public.

So I’m skeptical that justice will be done diligently. Tesla lawyers and social engineers already seem to be setting up smoke screens and false trails. I’m already skeptical of investigators, because they have a history of turning their head the other way. I’m also suspicious that many government officials may be on the pad regarding Tesla and Elon Musk.

Tesla Is Facing U.S. Criminal Probe Over Elon Musk Statements

https://www.bloomberg.com/news/articles/2018-09-18/tesla-is-said-to-face-u-s-criminal-probe-over-musk-statements

US Justice Department probes Musk statement on taking Tesla private

Tesla facing criminal probe over Elon Musk statements

Tesla faces fraud investigation over Elon Musk statements

Tesla gets DOJ request for documents over Musk statements

DOJ joins SEC in probing Tesla as Elon Musk’s woes deepen

Tesla says DOJ asked for documents after Elon Musk’s ‘funding secured’ tweet about taking the company private